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An announcement from Nokia ( (GB:0HAF) ) is now available.
Nokia Corporation announced the repurchase of its own shares as part of a buyback program initiated to counter the dilution effect from shares issued to Infinera Corporation shareholders. On 16 December 2024, Nokia acquired 859,289 shares at an average price of EUR 4.25 per share, totaling EUR 3,648,885 in cost. The buyback program, which started on 25 November 2024 and runs until 31 December 2025, aims to repurchase up to 150 million shares for a maximum total cost of EUR 900 million. This strategic move underscores Nokia’s commitment to managing shareholder value and aligns with regulatory compliance.
More about Nokia
Nokia is a B2B technology innovation leader focusing on mobile, fixed, and cloud networks. It is known for pioneering networks that sense, think, and act, leveraging its work across various network technologies. Nokia emphasizes creating value through intellectual property and long-term research, with Nokia Bell Labs leading these efforts. The company is trusted worldwide by service providers, enterprises, and partners to deliver secure and reliable networks and is dedicated to developing digital services and applications for the future.
YTD Price Performance: 42.36%
Average Trading Volume: 2,736,033
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €22.98B
See more insights into 0HAF stock on TipRanks’ Stock Analysis page.
